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Kuwait oil workers go on strike to protest cutbacks

kuwait oil workers

KUWAIT CITY (AP) — Oil workers in Kuwait went on strike Sunday to protest proposed government cutbacks as the OPEC nation grapples with a prolonged slump in crude prices. Thousands of workers gathered for demonstrations at the start of the local workweek in the town of Ahmadi, where the state-run Kuwait Oil Co. has its headquarters, some 40 kilometers (25 ...

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Japan qualifies Chrysler Jeep Cherokee for green tax break

Japan qualifies Chrysler Jeep Cherokee for green tax break

TOKYO (AP) — Chrysler’s Jeep has been declared green by the Japanese government, becoming the first gasoline-engine American-made U.S.-brand vehicle to qualify for this nation’s green-car tax incentive. The U.S. automaker said Friday the 2016 Jeep Cherokee Trailhawk meets the emissions and fuel-efficiency standards allowing buyers to take a tax break of about 58,000 yen ($530) off the price tag. ...

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Indigenous group asks Brazil to stop financing mega-projects

RIO DE JANEIRO (AP) — A group representing Amazon indigenous people urged Brazil’s National Development Bank on Wednesday to stop financing projects that cause environmental damage. After meeting with bank representatives, leaders of the Ecuador-based group known as the Coordinator of Indigenous Organizations of the Amazon Basin said in a statement that they also asked the bank to adopt policies ...

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French courts caught up in Yukos vs. Russia assets fight

French courts caught up in Yukos vs. Russia assets fight

PARIS (AP) — The fight between Russia’s government and magnate Mikhail Khodorkovsky’s dismantled Yukos oil company has spread to courtrooms across Europe — and even into space. France has seen multiple court cases in recent months that had entangled rocket and satellite builders and others, in Yukos’ efforts to recover money it says the Kremlin unfairly appropriated. Former Yukos shareholders ...

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Engineer accused of illegally helping China build reactors

NASHVILLE, Tenn. (AP) — A Chinese-born U.S. nuclear engineer has been accused of recruiting a team of U.S.-based experts to help a state-controlled Chinese nuclear energy company build reactors there. Szuhsiung Ho, also known as Allen Ho, had dual citizenship in China, where he was employed with the China General Nuclear Power Company, and the U.S., where he was owner ...

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Mexico announces over $4 billion in aid for struggling Pemex

MEXICO CITY (AP) — The government announced more than $4 billion in aid Wednesday for state oil company Petroleos Mexicanos, whose finances, production and exploration projects have been hit by the fall in crude prices. The package will include a direct infusion of $1.5 billion to the company better known as Pemex, the Treasury Department said in a statement. The ...

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Romania discusses Black Sea drilling with Russia’s Lukoil

BUCHAREST, Romania (AP) — Romania’s energy minister has discussed a Russian-U.S.-Romanian drilling project in the Black Sea where more than 30 billion cubic meters (1,060 billion cubic feet) of natural gas have been discovered. The office of Energy Minister Victor Grigorescu said Thursday that he met this week with Vladimir Nekrasov, a senior official with Russia’s Lukoil, to discuss the ...

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Rising N. Korea gas prices put pinch on traffic in capital

PYONGYANG, North Korea (AP) — Pyongyang drivers are feeling some pain at the pump as rising gas prices put a pinch on what has been major traffic growth over the past few years — and that might not be good news for the isolated country’s shifting domestic economy. An Associated Press review shows that after staying flat until the beginning ...

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Asian stocks lifted by optimism on oil prices, Wall Street

TOKYO (AP) — Asian stocks logged solid gains Wednesday, cheered by a rally on Wall Street, although oil prices erased some of the recent big gains that had relieved among global investors. KEEPING SCORE: Japan’s benchmark Nikkei 225 added 2.6 percent to 16,341.01 in morning trading. Hong Kong’s Hang Seng gained 2.3 percent to 20,970.31, while the Shanghai Composite index ...

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Weak oil prices prompt Fitch to cut Saudi Arabia’s rating

LONDON (AP) — Saudi Arabia suffered another credit ratings downgrade on Tuesday after Fitch lowered its view on the oil-rich kingdom in light of the fall in energy prices. In a note, Fitch said it was reducing its rating on Saudi Arabia by one notch to AA- from AA and warned that another downgrade was more likely than an upward ...

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